How To Fix 60241 - Asset is not real estate

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 241

• Message text: Asset is not real estate

What causes this issue?

You are trying to assign an asset to the property which is not defined
as a real estate asset.

System Response

The allocation is rejected.

How to fix this error?

Assign a real estate asset to the property.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 60241 - Asset is not real estate ?

  The SAP error message 60241, "Asset is not real estate," typically occurs in the context of asset accounting when a user attempts to perform an operation that is only applicable to real estate assets, but the asset in question is not classified as such.
  Cause:
  
  Asset Classification: The asset you are trying to work with is not classified as a real estate asset in the system. This could happen if the asset was created with a different asset class that does not include real estate functionalities.
  Transaction Type: The transaction you are trying to execute (e.g., transfer, sale, or depreciation) may only be valid for real estate assets.
  Configuration Issues: There may be configuration settings in the asset accounting module that are not set up correctly for real estate management.
  
  Solution:
  
  Check Asset Class: Verify the asset class of the asset in question. If it is not set to a real estate asset class, you may need to change the asset class or create a new asset under the correct classification.
  Review Transaction: Ensure that the transaction you are trying to perform is appropriate for the asset type. If the asset is not real estate, you may need to use a different transaction that is applicable to the asset type.
  Configuration Review: Consult with your SAP configuration team to ensure that the asset accounting settings are correctly configured for real estate management. This may involve checking the settings in the Asset Accounting (FI-AA) module and Real Estate Management (RE-FX) module.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on asset types and the transactions that can be performed on them.
  
  Related Information:
  
  Asset Classes: In SAP, assets are categorized into different classes, and each class has specific characteristics and functionalities. Real estate assets typically have unique attributes and processes associated with them.
  SAP Notes: Check for any relevant SAP Notes that may address this error or provide additional troubleshooting steps.
  User Authorization: Ensure that the user has the necessary authorizations to perform the intended operations on the asset.
  
  If the issue persists after checking these areas, it may be beneficial to engage with SAP support or a consultant who specializes in SAP Asset Accounting and Real Estate Management for further assistance.